Funding you earn now, next payment 23:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.16 per $10,000 · paid last 24h −0.146%
Price spread now: Nado against Backpack+0.281%7-day average −0.698% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$69as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 3 days (all we have)−0.213%−$21 on $10k
+Price spread, last 7 days+1.104%+$110 · spread now +0.281%, 7d avg −0.698%
=Together, before fees+0.891%+ Points / potential airdropNado: Active · farm board+$89 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Nado is 0.978% dearer against Backpack than usual: you sell high and buy low: +$98 more if the spread goes back to its 7-day average of −0.698%. Mind the row above: over the last 3 days funding on this pair cost −0.213%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.1698 | 0.0422 | pay 0.0053% / 1h | 35m 30s | $1.2M | $5.7M | 20x |
| Short | Nado NEAR-PERP | 4.1815 | 0.0553 | get 0.0069% / 1h | 35m 30s | $1.8M | $3.5M | 10x |
Backpack NEAR_USDC_PERP
Nado NEAR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $27.44
- Price spread: +0.281% → −0.698%
- $97.83
- Slippage, 4 orders
- −$11.88
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $96.4
- Costs to cover
- 0.289%
- Break-even
- from the start
Slippage from Backpack: live order book, 4 min ago; Nado: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 4 min ago | 1.20 bp | 10.2 bp −$10 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.12 bp | 7.0 bp −$7 | 18.3 bp −$183 | doesn't fit | doesn't fit |
NEAR on 45 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.1765 | +0.162% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1544 | −0.369% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.691% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1675 | −0.056% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1526 | −0.412% | $434K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1634 | −0.154% | $206K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1679 | −0.045% | $7.6M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0064% | 1h | 4.1832 | +0.321% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1708 | +0.024% | $1.4M | $6.9M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1810 | +0.269% | $112K | $482K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEAR
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1629 | −0.165% | $54K | $155K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1676 | −0.053% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1748 | +0.120% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1716 | +0.043% | $361K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1810 | +0.269% | $239.0M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1810 | +0.269% | $212.9M | $422.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1780 | +0.197% | $57.2M | $276.1M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1790 | +0.221% | $309K | $1.6M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1500 | −0.475% | $236K | $4K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1753 | +0.132% | $29.9M | $57.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1710 | +0.029% | $82.0M | $141.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1680 | −0.043% | $55.0M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1781 | +0.199% | $69.4M | $125.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1740 | +0.101% | — | $136.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1460 | −0.570% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1507 | −0.459% | $237K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1549 | −0.356% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1510 | −0.451% | $182K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1836 | +0.331% | $208K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1650 | −0.115% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1650 | −0.115% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1640 | −0.139% | $3.8M | $8.2M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1771 | +0.175% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1635 | −0.150% | $201K | $62K | 3x | as long as short |
| Lighter NEAR | +0.0136% | 1h | 4.1752 | +0.130% | $15.8M | $23.0M | 15x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1510 | −0.451% | $12.3M | $33.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0273% | 1h | 4.1701 | +0.007% | $351.0M | $297.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1819 | +0.290% | $411K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0380% / S −0.0327% | 1h | 4.1629 | −0.165% | $280K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0422% | 1h | 4.1698 | long leg | $1.2M | $5.7M | 20x | |
| Phoenix NEAR | +0.0542% | 1h | 4.1571 | −0.305% | $1.7M | $2.7M | 10x | as long as short |
| Nado NEAR-PERPshort | +0.0553% | 1h | 4.1815 | +0.281% | $1.8M | $3.5M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0639% | 1h | 4.1667 | −0.074% | $1.8M | $2.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.0813% | 1h | 4.1525 | −0.414% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0989% | 8h | 4.1690 | −0.019% | $447K | $3.6M | 75x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Lighter NEAR
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD
HTX NEAR-USDT